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Mar 31, 2023
3D Systems Q1 2023 Earnings Report
Announced first quarter 2023 financial results, showing a decrease in revenue due to softness in the dental orthodontic market, but strength in other markets.
Key Takeaways
3D Systems reported a decrease in revenue for Q1 2023 by 8.8% to $121.236 million compared to the same period last year, primarily due to lower sales in the dental market. However, non-dental markets saw a 12.3% increase in revenue on a constant currency basis. The company is maintaining its full-year outlook for revenue, non-GAAP gross profit margin, and free cash flow, while raising its Adjusted EBITDA guidance.
Q1 2023 revenue decreased by 8.8% to $121.236 million compared to the same period last year.
Healthcare Solutions revenue decreased by 24.3% due to softness in the dental orthodontic market.
Industrial Solutions revenue increased by 5.6% compared to the same period last year.
Net loss attributable to 3D Systems Corporation decreased by $2.622 million to a loss of $29.421 million.
Revenue by Segment
Forward Guidance
3D Systems is raising its full-year 2023 Adjusted EBITDA financial guidance and confirming its 2023 revenue, non-GAAP gross profit margin and free cash flow financial guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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